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News Breaks
July 7, 2014
08:04 EDTDSXDiana Shipping announces time charter contract for m/v G.P. Zafirakis with RWE
Diana Shipping announced that, through a separate wholly owned subsidiary, it entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels, "Hull No. BC18.0-50". The gross charter rate is $25,250 per day, minus a 5% commission paid to third parties, for a period of minimum eighteen months to maximum twenty-two months. The charter is expected to commence upon delivery of the vessel to the company. As previously announced on June 27, the m/v G. P. Zafirakis is a 2014 built Capesize dry bulk vessel of approximately 180,000 dwt that the company entered into an agreement to purchase in June 2014. The vessel is now expected to be delivered to the company by the sellers by early August 2014. This employment is anticipated to generate approximately $13.6M of gross revenue for the minimum scheduled period of the time charter.
News For DSX From The Last 14 Days
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September 28, 2015
06:52 EDTDSXStar Bulk Carriers upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Amit Mehrotra upgraded Star Bulk Carriers (SBLK) to Buy saying his trip to Asia last week supported his expectation for "strong outperformance" in dry bulk equities starting in 2016. "Sharply" higher spot rates in the last two months of this year will provide a catalyst for shares, Mehrotra tells investors in a research note. He keeps a $3 price target for the stock. Star Bulk closed Friday up 20c to $2.43. The analyst also has Buy ratings on Diana Shipping (DSX) and Scorpio Bulkers (SALT).

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